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OPEC logoAre you comfortable with the price you are paying to fuel your vehicles? If so, good; if not, you better look for an alternative fuel vehicle. The Organization of Petroleum Exporting Countries (OPEC) announced earlier today that it is "comfortable" with the current prices for black gold and that it doesn't want to "rock the boat" as the economy attempts to recover from the recession.

I assume that the members of OPEC then lit cigars with $20 bills and sat around sipping brandy from gold snifters while laughing uproariously. OPEC's Secretary General Abdalla El-Badri noted a sense of caution, because the cartel is trying to help the world economy. El-Badri stated that the path of the world recovery is "not really clear," and that OPEC doesn't "want to see a double-dip recession which ... would affect, negatively, almost everybody." Any change in prices or quotas this year will depend on unnamed "circumstances" according to the Secretary General.

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OPEC Comfortable with Crude Prices originally appeared on BloggingStocks on Tue, 14 Sep 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>black goldcartelcrude oilfeaturedinthenewsoilopecOrganization of Petroleum Exporting CountriesTue, 14 Sep 2010 17:00:00 EST<![CDATA[What are Halliburton's earnings numbers telling us about the economy?]]>http://www.bloggingstocks.com/2009/07/20/what-are-halliburtons-earnings-numbers-telling-us-about-the-eco/http://www.bloggingstocks.com/2009/07/20/what-are-halliburtons-earnings-numbers-telling-us-about-the-eco/http://www.bloggingstocks.com/2009/07/20/what-are-halliburtons-earnings-numbers-telling-us-about-the-eco/#commentsFiled under: , ,

This morning, oil firm Halliburton (NYSE:HAL) posted second-quarter earnings and a warning about North American natural gas markets. First things first, HAL reported second-quarter earnings of 30 cents per share (excluding a $12-million charge stemming from job cuts). While these results were far worse than the 55 cents per share the company earned a year ago, they still managed to top the consensus estimate by four cents per share. The situation was the same for quarterly revenue, which fell to $3.49 billion (from $4.49 billion a year ago) but still managed to outpace the Street's expectations - which called for $3.41 billion.

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What are Halliburton's earnings numbers telling us about the economy? originally appeared on BloggingStocks on Mon, 20 Jul 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>black goldBlackGoldcrude oilCrudeOilearnings reportsEarningsReportsinthenewsnatural gasNaturalGasoiloil inventoriesOilInventoriesMon, 20 Jul 2009 15:00:00 EST